NatWest Business overdraft: the real cost
The cheapest overdraft on the board right now.
What 30 days overdrawn costs
| Amount overdrawn | Interest over 30 days |
|---|---|
| £10,000 | −£42.14 |
| £25,000 | −£105.36 |
| £50,000 | −£210.72 |
5.25% EAR (representative) · £300 arrangement fee
How the £25,000 figure is worked out
- Amount charged interest
- £25,000
- Daily rate from 5.25% EAR
- 0.0140%
- Interest over 30 days
- −£105.36
The table ranks interest only. NatWest Business also charges a £300 arrangement fee, shown beside the rate and not included in the figures above.
#1 of 7 cheapest at £25,000
Common questions
How much does the NatWest Business overdraft cost?
At £25,000 overdrawn for 30 days, NatWest Business charges −£105.36 in interest at its representative 5.25% EAR. At £10,000 it’s −£42.14; at £50,000, −£210.72. A £300 arrangement fee applies on top.
Is the NatWest Business business overdraft the cheapest?
At £25,000 overdrawn, yes on interest. It tops the business leaderboard right now. Compare arrangement fees before deciding.
Why is the rate called representative?
Business overdrafts are priced to the applicant. The representative EAR is the rate the bank expects at least 51% of accepted customers to get, and it is the figure the bank itself publishes. Your offer can differ.